Question: When Air Canada went into bankruptcy in 2003/2004, a new holding company, ACE, was formed with the goal of breaking tip various components of Air

When Air Canada went into bankruptcy in 2003/2004, a new holding company, ACE, was formed with the goal of breaking tip various components of Air Canada such as the Aero plan customer loyalty plan, the maintenance department, and the regional subsidiary airline Jazz. ACE managed to achieve its goals against the opposition of Air Canada employees, especially its pilots. What was left of Air Canada was practically worthless. Is what has happened to Air Canada unethical? Explain.

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